---
title: "ABM Rides AI Data Center Boom To Fastest Growth In Nearly Four Years"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/288899369.md"
description: "ABM Industries reported Q2 earnings of $0.90 per share, beating estimates, with revenue up 8.4% to $2.29 billion. Driven by organic growth and the WGM Star acquisition, the company saw its strongest performance since Q3 2022. ABM achieved record $1.2 billion in new bookings, generated $22.4 million in free cash flow, and reaffirmed its fiscal 2026 adjusted earnings forecast."
datetime: "2026-06-05T18:49:43.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/288899369.md)
  - [en](https://longbridge.com/en/news/288899369.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/288899369.md)
---

# ABM Rides AI Data Center Boom To Fastest Growth In Nearly Four Years

**ABM Industries Inc.** (NYSE:ABM) shares rose Friday after the facility services provider reported second-quarter results that topped Wall Street estimates and reaffirmed its fiscal 2026 adjusted earnings outlook.

## Earnings Beat Expectations

ABM reported adjusted earnings of 90 cents per share for the second quarter, exceeding analysts’ estimates of 87 cents per share. Revenue increased 8.4% year over year to $2.29 billion, ahead of the consensus estimate of $2.21 billion.

Organic revenue growth was 6.1%, while acquisitions contributed an additional 2.3%, primarily from the WGM Star acquisition.

The company said organic growth was its strongest since the third quarter of 2022, led by gains in Technical Solutions, Aviation, and Manufacturing & Distribution.

ABM also reported record first-half new sales bookings of $1.2 billion and generated $22.4 million in free cash flow during the quarter.

At quarter-end, the company had $94.9 million in cash and cash equivalents and $1.9 billion in total debt.

## Growth Driven by Aviation, AI and Infrastructure Demand

The Business & Industry segment was flat from a year earlier, reflecting the loss of a large U.K. client and additional customer attrition, particularly in West Coast commercial real estate markets.

The Education segment increased 2% year over year, supported by contract renewals and new business wins, including a $25 million contract with Detroit Public Schools.

Manufacturing & Distribution benefited from the WGM Star acquisition, which expanded the company’s presence in semiconductor-related markets.

Aviation revenue climbed 20% year over year, driven by strong travel demand and new airport contracts, including projects at Orlando, Miami and LaGuardia airports.

Technical Solutions revenue increased 27%, supported by demand for battery storage, AI infrastructure and microgrid projects.

Management highlighted continued strength in semiconductor, energy infrastructure, aviation and AI-related data center markets.

Management pointed to growing demand from AI-related infrastructure as a key driver of momentum, noting that data center construction is expanding at a double-digit pace globally.

The company said strong activity in its Technical Solutions segment helped deliver its strongest organic growth rate since the third quarter of 2022.

## ABM Industries Outlook Reaffirmed

ABM reaffirmed its fiscal 2026 adjusted earnings guidance of $3.85 to $4.15 per share. The midpoint of the range remains above the Wall Street consensus estimate of $3.96.

The company also maintained its outlook for 3% to 4% organic revenue growth for the year and said it expects results to strengthen in the second half of fiscal 2026, supported by a growing backlog, favorable business mix, pricing actions and cost controls.

**ABM Price Action:** ABM Industries shares were up 6.76% at $42.57 at the time of publication on Friday, according to Benzinga Pro data.

_Photo via Shutterstock_

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